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  "documentTitle": "SmileDirectClub | Results Presentation Deck | 22 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2020-02-01 00:00:00",
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      "text": "We ended the fourth quarter with $318 million in cash and cash equivalents. Debt as of the end of Q4 was $209 million. This is primarily associated with our credit facility, which finances our SmilePay program. Cash from operations for the fourth quarter was negative $141 million, driven by negative $60 million of Adjusted EBITDA(1) and an increase in accounts receivable of $34 million. Cash spent on investing for the fourth quarter was $40 million, mainly associated with leasehold improvements, capitalized software and building our manufacturing automation.",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA. (2) Includes approximately $100 million set aside for IPO expenses and future payments or distributions as referenced in our S-1. (3) Includes approximately $40 million of IPO expenses in the fourth quarter.",
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      "text": "Table showing Cash, Debt, Accounts Receivable, Cash Flow from Operations, Cash Flow from Investing, and Free Cash Flow across Q4 2018, Q2 2019, Q3 2019, and Q4 2019.",
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